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  • 1.3bsa-Cy3-Am - Reveral, Angela R. - Economic Development-Activity#1

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    Angela Ricaplaza Reveral
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    1.3BSA-CY3-AM_REVERAL,ANGELA R._ECONOMIC DEVELOPMENT-ACTIVITY#1

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    6 views1 page

    1.3bsa-Cy3-Am - Reveral, Angela R. - Economic Development-Activity#1

    Uploaded by

    Angela Ricaplaza Reveral

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Activity # 1

    The data below show the behavior of real GDP in Turkey from the first quarter of
    2005 through the third quarter of 2006. Use the data to plot real GDP in Turkey
    and indicate the phases of the business cycle. The horizontal line of the graph is
    your period and the vertical line is your
    Real GDP ( billions, 1987 prices).

    Period Real GDP (billions of New Turkish lira, 1987


    prices)
    First quarter, 2005 24.1
    Second quarter, 26.0
    2005
    Third quarter, 2005 33.1
    Fourth quarter, 2005 27.1
    First quarter, 2006 24.6
    Second quarter, 28.3
    2006
    Third quarter, 2006 35.7

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